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Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said here Friday.
The government, which holds 100 percent stake in CIL, will divest 10 percent through an initial public offer (IPO) of 63.1 crore (63 million) shares, Bhattacharyya told reporters on the sidelines of the 20th Asian Corporate Conference organised by industry lobby CII.
The company will reserve 6.3 crore (63 million) shares for its employees.
“We hope to file the draft red herring prospectus for the issue with Securities Exchange Board of India by mid-June post our annual general meeting,” Bhattacharyya said.
Bhattacharyya added that the company’s net profit would be around $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Wednesday, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
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- Malabar Cements Ltd - India
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- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
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- Ministry of Finance - Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Goldman Sachs - Singapore
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- Bulk Trading Sa - Switzerland
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- London Commodity Brokers - England
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- The State Trading Corporation of India Ltd
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- Posco Energy - South Korea
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- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
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- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- ASAPP Information Group - India
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- Anglo American - United Kingdom
- Parliament of New Zealand
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- Therma Luzon, Inc, Philippines
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- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
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- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
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- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
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- AsiaOL BioFuels Corp., Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
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- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
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- Medco Energi Mining Internasional
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- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
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- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
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- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
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- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
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- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
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- TNB Fuel Sdn Bhd - Malaysia
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- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
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- Planning Commission, India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
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- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
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- The University of Queensland
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
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- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
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